BANKS can now peek into the database of more than 300,000 small and medium enterprises (SMEs) in the Philippines, via a newly launched portal aimed at helping the SMEs gain access to finance. The business-to-business online portal, Loanpinas.com, gives SMEs the opportunity to register and post loan requests online. “Through the Loanpinas.com portal, we aim to help address the number one challenge that SMEs in the country face: access to finance,” said FFEI Chairman Tomas Gomez 4th. “Beyond that, we also hope to provide SMEs access to education and access to the markets,” Gomez added. FFEI partnered with Dun & Bradstreet (D&B) Philippines in enhancing SME access to loans.

Source: Manila Times October 10, 2016 16:18 UTC